Payrolling benefits will be compulsory
Feb 8, 2024
1 min read
Taxing alternatives. As an employer, you can choose one of two ways to report taxable employee benefits in kind. You can either report details of perks after the end of the tax year in which you provided them using Form P11D or you can add the value of benefits to your employees’ salaries, which is known as payrolling. In January 2024 HMRC announced that from 6 April 2026 payrolling will be mandatory.
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Thanks for sharing this useful update on payrolling benefits. The explanation makes an important payroll change easier to understand, especially for employers preparing for new requirements. Clear planning and attention to detail can make workplace processes smoother, just as the right use of faux light can enhance the look and feel of an indoor space.
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Worth adding an update here: the start date has moved since this was published. HMRC pushed mandatory payrolling of benefits in kind back to April 2027 and is phasing it in, so employers have an extra year to get their payroll software and processes ready. Employment-related loans and accommodation are being handled later than the other benefits too. We deal with a lot of this when sorting staff travel. Our team uses Car Rental Delhi for client visits in India, and keeping business travel costs separate from actual perks saves a lot of headaches.